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could SME further advise , what/ how impacts, CEO, / CCM /CCP , thereafter, 10 Oct - sgx queries. , answers (10 oct),? ' ' indirect beneifits son in law.' '
https://sginvestors.io/sgx/stock/1d5-capital-world/company-announcement
https://sginvestors.io/sgx/stock/1d5-capital-world/company-announcement
What a clown stock. 
truly a good joke on the shareholders
On Jan 2019, Minority Shareholders block Capital World from issuing settlement shares
https://www.businesstimes.com.sg/companies-markets/shareholders-block-capital-world-from-issuing-settlement-shares
Now, Capital World " borrow" from Dato Chong to payback to Dato Chong with a high interest rate and indirectly benefits his son-in-law......
Or did I read anything wrongly?
https://www.businesstimes.com.sg/companies-markets/shareholders-block-capital-world-from-issuing-settlement-shares
Now, Capital World " borrow" from Dato Chong to payback to Dato Chong with a high interest rate and indirectly benefits his son-in-law......
Or did I read anything wrongly?
katak88 ( Date: 04-Oct-2019 13:26) Posted:
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Capital World takes out S$5.5m, 15% convertible loan
FRI, OCT 04, 2019 - 9:21 AMPROPERTY firm Capital World has inked a S$5.5 million convertible loan agreement with two individual investors, it said in a bourse filing on Thursday night.
The Catalist-listed firm took the loan to repay an outstanding convertible bonds subscription agreement. After deducting expenses, it will have net proceeds of about S$5.1 million.
The loan - from Chong Thim Pheng and Ong King Sin - is for a period of a year with an annual 15 per cent interest rate.
It is convertible into new Capital World shares representing 16.52 per cent of the enlarged share capital, with a conversion price of S$0.0151708.
The conversion price is adjustable if there is consolidation, subdivision or conversion of shares any issue of shares credited as fully paid-up to shareholders or an offer by the company to its shareholders to subscribe to shares by way of right.
Mr Chong loaned S$4.5 million while Mr Ong loaned S$1 million, and they can convert their loan during the loan period into shares in multiples of S$1 million.
The company was introduced to the investors through Ong Kok Heng, sole owner of Malaysian business consultancy Prosper Network Co Ltd.
Mr Ong is Mr Chong' s son-in-law, and as arranger he will receive a facility fee of 7 per cent of the convertible loan amount, which is up to S$385,000.
Both men are directors of Hotel Re! Pte Ltd and Hartawan Property Management Pte Ltd, companies in the business of hotels with restaurants and real estate activities.
The loan will be disbursed three business days after certain conditions for the loan are fulfilled. Any failure to repay the loan by its due date will result in a 17 per cent interest rate on the overdue amount.
Capital World shares closed up S$0.001 or 6.7 per cent to S$0.016 on Thursday.
https://www.businesstimes.com.sg/companies-markets/capital-world-takes-out-s55m-15-convertible-loan
CHIONG ARH!!
Hi, I wonder if you had read the last announcement concerning rasing S$5M from " DS Chong" and " Mr. Ong" (see https://links.sgx.com/1.0.0/corporate-announcements/HCZEVLN7J6NH9AAW/4cb0725d2dca7d8b4084d6f6aca055744f2161a148eee0a94c9343267db604e9) for the purpose of " Repayment of outstanding convertible bond pursuant to convertible bond subscription agreement as announced on 8 February 2018" (PDF file under 2. Rationale)
My immediate reaction is, " What? DS Chong invests S$5M to pay to himself?" (90-95% of the S$5M to pay back the bond)
And then I recall the " Shareholders block Capital World from issuing settlement shares" (see https://www.businesstimes.com.sg/companies-markets/shareholders-block-capital-world-from-issuing-settlement-shares)
My conclusion:
In Jan 2019, minor shareholders do not want to dilute shares to pay to DS Chong. But now, the shares are still diluted because DS Chong comes in as an " Investor" ? LOL!
What do you think?
My immediate reaction is, " What? DS Chong invests S$5M to pay to himself?" (90-95% of the S$5M to pay back the bond)
And then I recall the " Shareholders block Capital World from issuing settlement shares" (see https://www.businesstimes.com.sg/companies-markets/shareholders-block-capital-world-from-issuing-settlement-shares)
My conclusion:
In Jan 2019, minor shareholders do not want to dilute shares to pay to DS Chong. But now, the shares are still diluted because DS Chong comes in as an " Investor" ? LOL!
What do you think?
noobnub ( Date: 21-Aug-2019 09:31) Posted:
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Congrats! I still hold on to my first trading until now. (LOL!) But thanks to you " shi fu" masters here, I managed to learn to trade a little better. (But still only can smile to ATM, not bank. LOL!)
Please share your thoughts about " Capital World to raise S$18m by issuing shares to 2 private investors" .
Good day!
Please share your thoughts about " Capital World to raise S$18m by issuing shares to 2 private investors" .
Good day!
noobnub ( Date: 05-Sep-2019 15:09) Posted:
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only smiling to bank
partydelights ( Date: 05-Sep-2019 15:07) Posted:
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Wah.... Got short or not? From 2c to 1.5c. You laughing to the bank?
noobnub ( Date: 21-Aug-2019 09:31) Posted:
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see if 18 will break? now even lower than the proposed deal of 0.02. looking at price maybe deal wont go through. strictly based on price......no other info
partydelights ( Date: 21-Aug-2019 12:26) Posted:
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What' s your recommended buy back price?
noobnub ( Date: 21-Aug-2019 09:31) Posted:
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profit warning. opp to short ?
Ah yes, that was the disgraceful 2018 opening. Bottomline: No $$$
Today (Aug 2019) Ground floor OK. But the rest still bad or not open. Very few tenants. I wonder if the S$18M investment funds from China will help it get tenants or start building the hotels.
Today (Aug 2019) Ground floor OK. But the rest still bad or not open. Very few tenants. I wonder if the S$18M investment funds from China will help it get tenants or start building the hotels.
laksaman57 ( Date: 16-Aug-2019 17:20) Posted:
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https://www.google.com/amp/s/mustsharenews.com/capital-21-opening-jb/amp/
Use to pay Dato Chong lah...... Anyone worked out how much left to build the hotels?
borneo2017 ( Date: 10-Jul-2019 20:34) Posted:
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9 Months have pass since opening. Still very few tenants and much fewer shoppers.
My last visit happened to be the " Anime event" at the convention hall. Managed to draw young people crowd for two days but I think still not enough to profit.
The hotel construction seems to have stalled. (Does anyone have updates?)
Kept borrowing money (or dilute shares) to pay debt, I think ICU already :-(
My last visit happened to be the " Anime event" at the convention hall. Managed to draw young people crowd for two days but I think still not enough to profit.
The hotel construction seems to have stalled. (Does anyone have updates?)
Kept borrowing money (or dilute shares) to pay debt, I think ICU already :-(
runaway ( Date: 11-Jul-2019 06:53) Posted:
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congra
fighting ( Date: 11-Jul-2019 09:57) Posted:
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Didn't expect I can let go at 0.030
fighting ( Date: 08-Jul-2019 09:02) Posted:
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yes... make quick profit
easywin ( Date: 11-Jul-2019 09:19) Posted:
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